Melville Elijah Stone (August 22, 1848 – 1929) – Stone began working as a journalist in 1864. In 1875 he founded the Chicago Daily News, the original Chicago penny daily. Victor F. Lawson, became part owner in 1876. In 1888, Stone sold the rest of the Daily News to Lawson. During the 1890’s, Lawson was involved with Globe National Bank, serving as president until it merged with Continental Bank of Chicago. In 1893, Stone became the general manager of the Associated Press of Illinois, which later became the Associated Press. In 25 years with the AP, Stone had strengthened its foreign bureau and made it highly regarded institution. Stone’s autobiography is entitled, Fifty Years a Journalist.